Markets Have Given Close With Positive Bias And All The Indicators For Todays Closing Shows Positive Divergence Also Markets Are Playing The Game Of Luck By Chance So If Anybody Is Long At Our Call May Remain Long With Sl 4250 And Shorts Should Exit If Any If We Close Above 4480 Market May React With Asian Markets And Also There Are Big Results Like Reliance Etc And Also The Expiry Week Markets Have Closed In Uptrend And Weekly Is Also In Uptrend Also Closing Is Just At The Resistance Trend Line In The Upper Band And If We Close Above 4420 For Two Sessions We May See Further Rally So Long And Shorts Should Have Proper Sl.
DOWNTREND LEVELS :
4378.52 – 4184.66 – 4163.12 – 3870.17 – 3616 – 3361.83
LEVEL FOR THE DAY
TECHNICAL OUTLOOK :
Imp Support 4330, Imp Resistance 4420,
Likely Trading Range 4285-4465,
Trade on long Above 4290 and Vice versa
Note :- Please don’t use this levels when gap up or gap down. Also either side band is breached shall show breakout in either direction, and close above / below the intra band shall continue with the same trend for next day and can continue for for BTST OR STBT.
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